Green Brick Partners, Inc. Reports Third Quarter 2026 Results
Green Brick reported Q3 2026 net income of $59 million ($1.35 diluted EPS), down 24% from $78 million ($1.77) a year ago, with homebuilding gross margin compressing 410 bps to 28.0% on a 9.7% revenue decline. Demand metrics held up: net new orders rose 3% to 926, deliveries rose 3% to 978, and cancellations stayed low at 8.2% — but incentives on new orders hit 11% and backlog value fell 17% to $379 million.
Key figures
- Eps
- 1.35
- Revenue
- 448204000
- Revenue Yoy
- -8.9%
- Buyback
- $17.9 million (264,215 shares)
- Liquidity
- 325000000
- Asp change
- -12.1%
- Deliveries
- 978
- Lots owned
- 40869
- Net income
- 59160000
- Debt retired
- $50 million of 4.00% senior notes
- Backlog units
- 629
- Backlog value
- 379345000
- Net income yoy
- -24.0%
- Net new orders
- 926
- Backlog value yoy
- -17.0%
- Cancellation rate
- 8.2%
- Net new orders yoy
- +3.1%
- Gross margin change
- -410 bps
- Book value per share
- 46.1
- Homebuilding revenue
- 437043000
- Homebuilding revenue yoy
- -9.7%
- Incentives on new orders
- 11%
- Avg sales price delivered
- $446.7k
- Homebuilding gross margin
- 28.0%
- Financial services op income yoy
- +68.9%
- Financial services operating income
- 5604000
AI analysis
Red flags4 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.